Turkish Endeavor firm AirTies attracts investment to fund Euro growth

Feb 4, 2011

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AirTies, a company that develops and markets residential media gateways, set top boxes and wireless network devices, in Europe, the Middle East, and Africa, just announced that it has received a multi-million dollar investment from Invus, a US equity investor.

The investment will enable AirTies to expand operations by building up its sales and marketing presence as well as improve its technologies through R&D. AirTies hopes to become the leader in the connected home market across Europe.

In a statement, Invus partner Evren Bilimer said the investment resulted from an arduous search to find a sound investment platform in the home media connectivity and networking category. “We had discussions with many companies in the IPTV and home networking space over the last three years…When we met the AirTies team, we were very impressed by their R&D platform, which in addition to delivering best of class performance, allows AirTies to rapidly localize and customize their technology solutions to different markets.”

AirTies CEO and Endeavor Entrepreneur Bülent Çelebi expects the funding to help the company grow faster in European markets: “Central to this becoming a reality is the need for reliable, high performance wireless video and the ability to seamlessly connect multiple TVs, game consoles, tablets and smart phones in the home in a manner which is intuitive and simple, backed up by an effective and efficient 24/7 customer service help desk.”

Since selection by Endeavor, AirTies’ revenues have grown by 466% and has seen a 473% growth in jobs. Bülent remains an active member of the Endeavor network. He has participated in the eMBA and Top 25 programs, as well as an Immersion Tour and Entrepreneur Summit. Additionally, Bülent serves on the board of another Endeavor company and has participated as a speaker, panelist, and ambassador for Endeavor.